Global Solar Charge Controllers Market – Overview
Market Research Future analysis show that the global market of solar charge controller market is estimated to grow at CAGR of 15.02 % by the end of the forecast period. Solar energy policy is developed by governments to sustain its growth including solar energy production, distribution and consumption. Solar energy policies include legislation, international treaties, and incentives to investment such as the formation incentives in the U.S. In many countries, such as India and EU countries, the policies such as feed-in-tariff (FIT), portfolio standard (RPS), tax credits, pricing laws, production incentives, quota requirements, and trading systems, have been developed and implemented to promote the use of solar energy. Many industrialized nations have integrated a considerable number of solar power installations with the electrical grids. On the other hand, developing economies are using solar energy to reduce their dependence on fossil fuel-based power generation.
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Industry Highlights
The solar charge controller increasingly finds its application in residential solar systems, industrial establishments where solar panels are used to power operations and in utility-scale solar projects. The cost of generating energy from solar is rapidly decreasing across globe as the solar generated power is reaching grid parity with conventional fuel sources. The solar charge controller usually operates by regulating the flow of energy from the panels to the energy storage system, which is directly connected as a DC – coupled system. One of the most important result of this is that it gives batteries in the storage system, a longer life. The solar charge controller normally does this by preventing overcharging of the systems and even at times against overvoltage, which may lead to a safety risk. Usually, the solar charge controllers are either designed as circuit integrated within a battery pack or as complete standalone systems.
Key Players
The report provides detailed information and strategies of the top key players in the industry. We recognize those players as Genasun (Italy), Luminous India (India), Microtek (China), Schneider Electric (France), Su-Kam Power Systems (India), and Arise India (India). Delta Electronics (India), Sungrow Power Supply Co., Ltd (China), Victron Energy (Netherlands), and Beijing Epsolar Technology Co., Ltd (China) are among others.
Regional Outlook
The global solar charger controller market by region has been segmented into North America, Europe, Asia Pacific and Rest of the world.
Among the regions covered, Asia Pacific is projected to have the highest market share, as the region is witnessing increasing solar power installations for off grid and remote electrification purposes.
Especially in countries such as China and India, government policies and incentive structures are contributing in the fast adoption of solar power, which in turn drives the market for solar charge controllers.
Furthermore, North America region is the next big market for solar charge controllers as the region is continuously investing in building large-scale solar based utility plants.
LIST OF TABLES
Table 1 Global Solar Charge Controllers Market, By Type
Table 2 Global Solar Charge Controllers Market, By End-User
Table 3 Global Solar Charge Controllers Market, By Regions
Table 4 North America Solar Charge Controllers Market, By Type
Table 5 North America Solar Charge Controllers Market, By End-User
Table 6 U.S. Solar Charge Controllers Market, By Type
Table 7 U.S. Solar Charge Controllers Market, By End-User
Table 8 Canada Solar Charge Controllers Market, By Type
Table 9 Canada Solar Charge Controllers Market, By End-User
Continue….
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